U.S. - Hearing Aids (Excl. Parts And Accessories) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHearing Aid Price in the United States - 2023
Contents:
- Hearing Aid Price in the United States (CIF) - 2023
- Hearing Aid Price in the United States (FOB) - 2023
- Hearing Aid Imports in the United States
- Hearing Aid Exports in the United States
Hearing Aid Price in the United States (CIF) - 2023
In August 2023, the average hearing aid import price amounted to $197 per unit, rising by 5.2% against the previous month. Over the period under review, the import price, however, saw a slight downturn. The pace of growth appeared the most rapid in February 2023 an increase of 11% month-to-month. The import price peaked at $223 per unit in August 2022; however, from September 2022 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($485 per unit), while the price for Singapore ($38.2 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Hearing Aid Price in the United States (FOB) - 2023
The average hearing aid export price stood at $159 per unit in August 2023, increasing by 3.8% against the previous month. Over the last twelve months, it increased at an average monthly rate of +3.2%. The most prominent rate of growth was recorded in February 2023 an increase of 27% against the previous month. Over the period under review, the average export prices reached the peak figure at $174 per unit in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Poland ($252 per unit), while the average price for exports to France ($63.2 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Hearing Aid Imports in the United States
Hearing aid imports into the United States reached 9.8M units in 2022, surging by 2.3% compared with the previous year. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, hearing aid imports amounted to $2B in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Hearing Aid in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 379 | 339 | 412 | 452 | 6.0% |
| Vietnam | 317 | 277 | 433 | 372 | 5.5% |
| Mexico | 269 | 132 | 205 | 291 | 2.7% |
| Denmark | 58.8 | 80.3 | 158 | 170 | 42.5% |
| Switzerland | 111 | 72.6 | 161 | 161 | 13.2% |
| China | 83.9 | 77.3 | 120 | 121 | 13.0% |
| Singapore | 24.4 | 139 | 117 | 105 | 62.7% |
| Malaysia | 16.7 | 12.4 | 5.5 | 18.5 | 3.5% |
| Others | 318 | 248 | 341 | 323 | 0.5% |
| Total | 1,578 | 1,378 | 1,954 | 2,013 | 8.5% |
Top Suppliers of Hearing Aid to the United States in 2022:
- Mexico (2.9M units)
- Vietnam (1.3M units)
- China (1.3M units)
- Denmark (1.2M units)
- Poland (1.0M units)
- Singapore (0.9M units)
- Malaysia (0.6M units)
- Switzerland (0.3M units)
Hearing Aid Exports in the United States
Hearing aid exports from the United States expanded notably to 4.1M units in 2022, increasing by 12% against 2021 figures. The total export volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, hearing aid exports amounted to $548M in 2022. The total export value increased at an average annual rate of +7.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Hearing Aid in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 112 | 79.7 | 98.9 | 184 | 18.0% |
| Poland | 73.7 | 47.6 | 110 | 87.2 | 5.8% |
| Canada | 53.6 | 43.5 | 48.5 | 47.8 | -3.7% |
| Vietnam | 52.3 | 54.1 | 59.2 | 37.7 | -10.3% |
| France | 12.9 | 12.2 | 26.1 | 25.5 | 25.5% |
| Germany | 19.3 | 22.2 | 24.3 | 23.9 | 7.4% |
| Australia | 9.8 | 9.9 | 13.2 | 20.0 | 26.8% |
| China | 16.6 | 18.1 | 17.6 | 14.1 | -5.3% |
| Philippines | 0.3 | 1.6 | 9.4 | 12.7 | 248.5% |
| Brazil | 15.9 | 13.1 | 8.4 | 12.5 | -7.7% |
| United Kingdom | 7.5 | 6.0 | 7.3 | 10.6 | 12.2% |
| India | 7.4 | 5.0 | 5.2 | 5.5 | -9.4% |
| Others | 59.3 | 54.9 | 62.8 | 66.7 | 4.0% |
| Total | 440 | 368 | 491 | 548 | 7.6% |
Top Export Markets for Hearing Aid from the United States in 2022:
- Mexico (1454.7K units)
- Poland (429.7K units)
- Canada (409.4K units)
- France (344.0K units)
- Germany (284.3K units)
- Vietnam (210.1K units)
- Philippines (147.4K units)
- China (137.4K units)
- Australia (97.4K units)
- United Kingdom (91.6K units)
- Brazil (59.4K units)
- India (48.2K units)
This report provides an in-depth analysis of the hearing aid market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26601433 - Appliances for overcoming deafness (excluding parts and accessories)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In May 2023, the price of the Hearing Aid reached $206 per unit (CIF, US), showing a 4.5% increase compared to the previous month.
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In June 2022, the average hearing aid import price amounted to $205 per unit, jumping by 27% against the previous month
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